Latest news with #Kaiko
Malaysian Reserve
6 days ago
- Business
- Malaysian Reserve
HTX Jumps Two Spots to #8 in Kaiko's Q2 Exchange Ranking
SINGAPORE, June 5, 2025 /CNW/ — HTX, a leading global cryptocurrency exchange, has officially ranked 8th in Kaiko's Q2 2025 Global Spot Exchange Ranking, rising two positions from the previous quarter. This significant leap marks the strongest upward movement among the top 10 exchanges this quarter and underscores HTX's growing global influence and robust platform performance. Kaiko, a trusted provider of institutional-grade crypto market data and indices, assessed 45 leading spot exchanges across six weighted dimensions: Governance, Liquidity, Technology, Business, Security, and Data Quality. HTX distinguished itself particularly in the Business and Technology categories, while maintaining top-tier performance in Security. Business Strength: Ranked Second in the Industry HTX secured the No. 2 position globally in the Business category, reflecting its exceptional product depth, operational scale, and innovation capacity. In April alone, HTX listed 14 new tokens covering trending sectors such as staking infrastructure and on-chain narratives. Standout performers included: STO, which saw a post-listing surge of 303% DARK (MCP narrative), up 246% HOUSE (Solana-based meme coin), up 176% HTX also became the first exchange globally to list USD1 (World Liberty Financial USD), a new entrant in the stablecoin space, further cementing its position as a first-mover in emerging asset classes. According to DeFiLlama, HTX achieved a net capital inflow of $472 million in April, the highest among global CEXs—surpassing competitors by 6–7x. In addition, CoinGecko's 2025 Q1 Crypto Industry Report named HTX the only Top 10 exchange with positive spot trading growth, bucking broader market headwinds. Technological Excellence and Seamless User Experience HTX also ranked among the top performers in the Technology dimension, which Kaiko defines by factors such as platform uptime, API latency, and throughput under high-load conditions. HTX's consistent system stability and ultra-low-latency infrastructure have enabled it to deliver a high-frequency trading environment trusted by both retail and institutional users. In Kaiko's analysis, technological excellence is a core driver of user retention—and HTX's performance reinforces its standing as a premium trading venue. Top-Tier Security HTX scored among the highest across the board in Security, thanks to proactive risk management and infrastructure investment. The exchange has maintained zero security incidents for 20+ consecutive months. Recent enhancements include: Multi-device login protections and anomaly transfer alerts Fireblocks Off-Exchange integration to strengthen institutional custody Expanded collaboration with global white-hat partners for 24/7 defense and continuous penetration testing HTX continues to set the industry standard for transparency, with 31 consecutive months of asset reserve disclosures. Its May 2025 Merkle Tree Proof of Reserves confirmed a 73% surge in USDT in April, followed by over 30% growth in May—clear proof of growing user trust and accelerating capital inflows. A Continued Commitment to Excellence HTX remains committed to upholding the highest standards in security, compliance, and market integrity while expanding access to new digital asset opportunities. This recognition by Kaiko places HTX firmly among the elite exchanges shaping the future of the crypto ecosystem. About HTX Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses. As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of 'Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,' HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide. To learn more about HTX, please visit HTX Square or and follow HTX on X, Telegram, and Discord.
Cision Canada
6 days ago
- Business
- Cision Canada
HTX Jumps Two Spots to #8 in Kaiko's Q2 Exchange Ranking
SINGAPORE, June 5, 2025 /CNW/ -- HTX, a leading global cryptocurrency exchange, has officially ranked 8th in Kaiko's Q2 2025 Global Spot Exchange Ranking, rising two positions from the previous quarter. This significant leap marks the strongest upward movement among the top 10 exchanges this quarter and underscores HTX's growing global influence and robust platform performance. Kaiko, a trusted provider of institutional-grade crypto market data and indices, assessed 45 leading spot exchanges across six weighted dimensions: Governance, Liquidity, Technology, Business, Security, and Data Quality. HTX distinguished itself particularly in the Business and Technology categories, while maintaining top-tier performance in Security. Business Strength: Ranked Second in the Industry HTX secured the No. 2 position globally in the Business category, reflecting its exceptional product depth, operational scale, and innovation capacity. In April alone, HTX listed 14 new tokens covering trending sectors such as staking infrastructure and on-chain narratives. Standout performers included: STO, which saw a post-listing surge of 303% DARK (MCP narrative), up 246% HOUSE (Solana-based meme coin), up 176% HTX also became the first exchange globally to list USD1 (World Liberty Financial USD), a new entrant in the stablecoin space, further cementing its position as a first-mover in emerging asset classes. According to DeFiLlama, HTX achieved a net capital inflow of $472 million in April, the highest among global CEXs—surpassing competitors by 6–7x. In addition, CoinGecko's 2025 Q1 Crypto Industry Report named HTX the only Top 10 exchange with positive spot trading growth, bucking broader market headwinds. Technological Excellence and Seamless User Experience HTX also ranked among the top performers in the Technology dimension, which Kaiko defines by factors such as platform uptime, API latency, and throughput under high-load conditions. HTX's consistent system stability and ultra-low-latency infrastructure have enabled it to deliver a high-frequency trading environment trusted by both retail and institutional users. In Kaiko's analysis, technological excellence is a core driver of user retention—and HTX's performance reinforces its standing as a premium trading venue. Top-Tier Security HTX scored among the highest across the board in Security, thanks to proactive risk management and infrastructure investment. The exchange has maintained zero security incidents for 20+ consecutive months. Recent enhancements include: Multi-device login protections and anomaly transfer alerts Fireblocks Off-Exchange integration to strengthen institutional custody Expanded collaboration with global white-hat partners for 24/7 defense and continuous penetration testing HTX continues to set the industry standard for transparency, with 31 consecutive months of asset reserve disclosures. Its May 2025 Merkle Tree Proof of Reserves confirmed a 73% surge in USDT in April, followed by over 30% growth in May—clear proof of growing user trust and accelerating capital inflows. A Continued Commitment to Excellence HTX remains committed to upholding the highest standards in security, compliance, and market integrity while expanding access to new digital asset opportunities. This recognition by Kaiko places HTX firmly among the elite exchanges shaping the future of the crypto ecosystem. About HTX Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses. As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of "Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance," HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.
CNBC
03-06-2025
- Business
- CNBC
Trump's USD1 stablecoin is off to a rocky start, data shows
President Donald Trump's new dollar-pegged stablecoin is off to a sluggish start, with muted inflows and little organic demand beyond a $2 billion pledge from an Emirati state fund, new data shows. The USD1 token — launched by Trump's decentralized finance firm, World Liberty Financial — has so far failed to break out of a narrow speculative niche, according to Kaiko analyst Adam Morgan McCarthy. "Trump is trying to launch this stablecoin in a massive, growing market that's a quarter of a billion dollars in size already, and his token's only really been successful so far on a niche market of a niche market," McCarthy said. "It hasn't managed to make the leap from decentralized staging platforms like PancakeSwap into centralized venues that serve the mass market." The U.S. dollar-backed USD1 saw a burst of activity on PancakeSwap, a decentralized exchange built on Binance's smart chain, with average daily on-chain volumes topping $14 million following its listing on Binance May 22, according to new research from Kaiko. Volume on Binance itself has lagged at $8 million. The coin's limited reach is compounded by a lack of real users. Kaiko's data confirms that more than half of USD1's liquidity on PancakeSwap comes from just three wallets — a level of concentration that raises questions about where actual demand is coming from. "These were the market making wallets, so they're probably tied to USD1 and the World Liberty Financial team, so not actually an organic volume," added McCarthy. Donald Trump Jr. told CNBC's "Squawk Box" Tuesday that USD1 is a strategic asset, not just for the family, but for U.S. monetary policy. "I think the stablecoins are actually going to be the savior of dollar hegemony in the world, not a detractor from it," he said, pointing to companies like Tether, which rank among the world's largest holders of U.S. Treasurys. But unlike stablecoin giants like Tether and Circle, USD1 has yet to demonstrate broad-based adoption. Ripple's new RLUSD token, for example, has averaged around $50 million in daily centralized exchange volume — far outpacing USD1, which remains thinly traded. According to Kaiko analysts, one major reason that USD1 lags rivals is the absence of institutional partners or promotional incentives that typically generate early traction in the stablecoin market. Beyond its stablecoin, World Liberty separately launched its own native token called WLFI, which also had a tepid debut but ultimately raised at least $550 million through token sales. World Liberty funnels 75% of profits to family-related entities. The $TRUMP coin's failure to generate meaningful traction on Binance is particularly notable, given the family's ties to the Abu Dhabi–based MGX fund, which used USD1 for a $2 billion investment in March. Kaiko's McCarthy told CNBC that this kind of deal would typically boost visibility and volume — especially if paired with incentives like trading fee discounts or promotional listings. "But with USD1, nothing's happened with that," McCarthy said. "It hasn't caused any sort of velocity of the asset on-chain." The Trump family's crypto ventures continue to draw scrutiny, with the $TRUMP meme token recently holding a contest for top holders to get a "special VIP tour" and have dinner with the president. Sen. Elizabeth Warren, D-Mass., described the winner's dinner as "an orgy of corruption" and accused the president of using the presidency "to make himself richer through crypto." More than $5.2 billion in realized gains in the $TRUMP coin flowed to the top wallets, according to Inca Digital, while over 590,000 collectively lost $3.9 billion. The gap between winners and losers has raised concerns about wealth concentration and retail trader exploitation — dynamics that critics say mirror the very financial system that crypto is trying to disrupt.
Techday NZ
03-06-2025
- Business
- Techday NZ
Bitcoin breaks the rules - but that might just be the point
Let's talk about price. Or more specifically, let's talk about how Bitcoin defies the neat rule we try to impose on financial markets. While Wall Street was catching its breath this May with equities softening under the weight of interest rate uncertainty and macro drag (including the Nasdaq, S&P 500 and the Dow Jones losing ground) Bitcoin casually sprinted to two new all-time highs in 24 hours. This wasn't just a decoupling; it was a reminder that Bitcoin doesn't play by the usual rules. Traditional investors expect risk assets to track with inflation or retreat in volatile moments; Bitcoin doesn't always comply. When Trump's pro-crypto stance pushed prices up, that made sense but when his trade wars did the same (with investors were keen on divesting from US-coupled stocks and currency), it became clear that stability and chaos can feed the beast. This piece introduces some sense to a market that doesn't make much sense. The market moves at the speed of conviction Gold may be 5,000 years old, but we're living in the exponential age and Bitcoin is moving at the speed of conviction. Welcome to the era of 'programmable belief' where unlike traditional finance, where confidence is a side effect of fundamentals such as earnings per share and profit margin, in digital assets belief can be tokenised and rewarded. It's what allows Bitcoin to soar when nothing else makes sense because the network acts on shared conviction, not central control. Your conviction becomes visible and often profitable. This flips traditional finance on its head because instead of belief being silent and unrewarded; support becomes a mechanism for ownership, influence and upside. It's not just sentiment either. Inflow also matters. BlackRock's iShares Bitcoin Trust - launched just months ago - has already outpaced their iShares Gold Trust in assets under management. Let that sink in - a Bitcoin ETF that didn't exist last Christmas has now outgrown a gold product that's been around for nearly two decades! Rewriting portfolio logic Data in an update from Kaiko this month shows that portfolios holding 5-10% Bitcoin could outperform traditional 60/40 mixes between stocks and bonds. without dramatically increasing volatility. In fact, Bitcoin's realised volatility hasn't exceeded 60% since early 2023 - a far cry from the meme coin mayhem more, Bitcoin's Sharpe ratio (a measure of risk-adjusted returns) has trended consistently above 0, peaking at over 4 last year. According to the update, "A Sharpe ratio between 0 and 1 indicates low risk and low reward, while anything over 2 is considered very good. Essentially this means BTC offers good risk-adjusted returns." Source: May update from Kaiko It's early days, but the data is starting to hint that Bitcoin can help enhance portfolio performance without meaningfully increasing volatility and its risk-adjusted returns have become increasingly compelling. In other words, the asset everyone says is "too risky" is exactly what helps de-risk an outdated portfolio model. Store of value…or something bigger? Source: Google Finance The sad and often ignored truth is that most people's money is probably losing ground against the USD. On the other hand, Bitcoin has gained legitimacy as a store of value - not just for institutions, but for everyday investors. Once laughed off as 'internet money', it's now being considered by pension funds and sovereign wealth arms in markets where inflation is eroding real returns. And even against the mighty USD, Bitcoin is quietly asserting dominance and its scarcity is looking more like a feature than a bug. But calling Bitcoin just a store of value may be underselling its potential. Increasingly, it is being seen as a base layer for an alternative financial system immune to political manipulation and currency debasement. In this future, it's not just protecting value anymore; it's redefining how value is stored, transferred and trusted in a world that's losing faith in legacy systems. Belief powers its price - but belief is growing up In the past, Bitcoin's price was often a speculative surge with little real-world logic. Now, ETF demand, corporate treasuries and macro hedges are driving the moves. The story is shifting and belief is still there, but now it's backed by cold, hard capital. That's why when someone says, "Bitcoin just doesn't make sense," my response is: it's not supposed to; not in the old way anyway. Because Bitcoin isn't here to follow the rules - it's here to remind us they've changed.
The Advertiser
25-05-2025
- The Advertiser
Checking in to this Ho Chi Minh City hotel is like going back in time
The Majestic is an original art deco hotel, decorated over with dubious Chinese bling. The marble lobby is almost convincing, with a pleasing row of wall clocks and some passable leadlighting, but it's brought down a bit by laughable statuary. Despite this, the public areas display a certain commercially savvy sense of the building's history. If you squint hard, you can almost see things the way they were. In the Colonial wing, a plaque by the door of room 103 remembers Japanese writer Takeshi Kaiko, who lived there for a time in 1965-66 and wrote a series of articles that fired up the anti-war movement in Japan. The hotel claims it has been preserved as Kaiko left it, although this seems unlikely since there are several large pictures of the writer on the walls.
